2. VIC
  3. Yarra

Houses Units

Here you can find what you need to know about Richmond, VIC, including house prices in the area, median values, annual growth, recent sale prices, maps, a suburb profile and much more.

Suburb Insights
for Houses in last 12 months

At a Glance

$1.4M Median Sale Price (National Average $485k) 118th In VIC
-4.39% Median Sale Price Change (1yr) (National Average 4.30%) 2607th In VIC
$755pw Median Rent (National Average $395) 64th In VIC
2.9% Median Gross Yield (National Average 4.24%) 435th In VIC
Properties sold 312
Average discounting -5.61%
Average Days on Market 53
Stock on Market 144 for sale

Investment Strategy Scores

See how this property rates against different investment strategies. Learn more

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How we calculate the suburb Cash Flow Score

The suburb Cash Flow Score is simply the average of all the individual Cash Flow Scores for each property in that suburb.

A higher score indicates the suburb is more likely to contain properties that deliver an above average gross yield.

Richmond, VIC National
Median
Gross Yield

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Capital Growth Score

The suburb Capital Growth Score is simply the average of all the individual Capital Growth Scores for each property in that suburb.

A higher score indicates the suburb has recently experienced significant capital growth and the short term outlook for further growth is likely to be good given strong market health indicators.

Richmond, VIC National
Change in Median
Price (1 yr)
Average Days
on Market
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.
How we calculate the suburb Lower Risk Score

The suburb Lower Risk Score is simply the average of all the individual Lower Risk Scores for each property in that suburb.

A higher score indicates the suburb has increased in value over a longer period so is less likely to only be due to recent market forces. It is also likely to contain properties that command higher rent than average and therefore attract higher income tenants. Furthermore, properties in this suburb are likely to be easier to sell in the future due to strong market health indicators.

Richmond, VIC National
Average Days
on Market
Change in Median Price
(5 yr)
Average Vendor
Discounting

Investor Scores are computer generated and should not be regarded as personal or general advice about investing in residential property. They should not be relied on as such — persons seeking to buy or sell residential property should always seek appropriate professional advice. The methodology used to develop the Scores depends on the availability of property data and also depends on certain assumptions and estimates.

Development Permits for Houses

Building permits are provided for council approved development applications. Where the available permits contain the type of development, date of submission, the date of approval, estimated build cost, estimated development area, builder and materials listed.

Upgrade to Premium to see available development permits for Richmond, VIC.  Learn more

Property Prices in Richmond


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State Auction Clearance Rates


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Local Schools


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Suburb Information

Richmond, VIC 3121

Part of: Yarra Council No data available

The size of Richmond is approximately 4.4 square kilometres. It has 20 parks covering nearly 4.9% of total area. The population of Richmond in 2011 was 23,814 people. By 2016 the population was 27,711 showing a population growth of 16.4% in the area during that time. The predominant age group in Richmond is 20-29 years. Households in Richmond are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Richmond work in a professional occupation. In 2011, 43.2% of the homes in Richmond were owner-occupied compared with 40.8% in 2016. (source: Australian Bureau of Statistics)

View all properties for sale in Richmond

Demographic data provided
by Australian Bureau of Statistics

Market Trends for Richmond   for Houses in last 12 months


There have been 312 Houses sold in Richmond in the past 12 months with a median sale price of $1.4M, down 4.4% annually. It takes on average 31 days to sell with vendor discounting of -5.6%.

Others also viewed

Suburb Median Sale Price Change (1yr) Median Sale Price Median Rent Median Gross Yield
South Yarra VIC, 3141 -20.95% $1,867,500 $800pw 2.2% View Suburb Profile
St Kilda VIC, 3182 -11.04% $1,310,000 $680pw 2.7% View Suburb Profile
Abbotsford VIC, 3067 -3.71% $1,232,500 $750pw 3.2% View Suburb Profile
Hawthorn VIC, 3122 -0.86% $2,637,000 $825pw 1.6% View Suburb Profile
Richmond SA, 5033 15.10% $933,500 $615pw 3.4% View Suburb Profile
Port Melbourne VIC, 3207 0.78% $1,612,500 $825pw 2.7% View Suburb Profile

Currency

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